A compressor station on the Power of Siberia pipeline
States, markets and the geopolitics of gas
Geopolitics is just as significant as market factors or climate action in shaping the future role of gas
The relationship between states and markets—and the impact of this relationship within the context of critical uncertainty about the future of fossil fuels—is a common thread running through the gas sector. The same day that US President Donald Trump described climate change as the “greatest con job ever perpetrated on the world”, at the UN General Assembly in New York, the UN Environment Programme published its latest Production Gap report. The report concludes that “governments plan to produce about more than double (120%) the volume of fossil fuels in 2030 than would be consistent with limiting global warming to 1.5C, and 77% more than would be consistent with 2C”. 100–150bcm – Pote
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The March 2026 issue of Petroleum Economist is out now!
